03 July 1998
Currencies and grain trading
Friday, 3 July, 1998
- £1=DM3.015 / FFr10.107 / $1.658
- French FOB spot wheat value: FFr 760 (£ 75.19)
- Chicago July wheat at close: $2.68 (£ 58.19)
THE UK futures market reacted to recent falls with some profit-taking. Chicago was lower overnight, but Sterling starts today marginally lower.
Prices at Thursdays
wheat futures close:
| MONTH |
Close |
Change |
| JUL |
75.75 |
+ 1.50 |
| SEP |
70.90 |
+ 0.15 |
| NOV |
72.95 |
+ 0.20 |
| JAN |
74.95 |
+ 0.20 |
| MAR |
77.00 |
+ 0.25 |
| MAY |
79.00 |
+ 0.15 |
|
Approximate commodity
values, £/ tonne, ex-farm:
| July Class 1 milling | 112-115 |
| July feed wheat | 70-72 |
| July biscuit wheat | 75-80 |
| Harvest feed wheat | 64-66 |
| Harvest feed barley | 60-61 |
|
Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details
